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Simcere Acquires China Rights to Alzheimer's Drug in $565 Million Deal

publication date: Jun 29, 2021

Nanjing Simcere Pharma in-licensed a clinical-stage therapy for Alzheimer's disease from Germany's Vivoryon Therapeutics. Vivoryon's neurotoxic amyloid species N3pE (pGlu-Abeta) candidate showed a promising ability to restore memory function in a Phase IIa trial conducted among early stage AD patients. Simcere made an upfront payment plus agreed to pay up to $565 million in milestones. The agreement includes varoglutamstat, Vivoryon's N3pE amyloid-targeting oral small molecule glutaminyl cyclase inhibitor, which the company believes has disease-modifying potential for AD, along with a preclinical monoclonal N3pE-antibody. More details....

Stock Symbols: (HK: 2096) (AM: VVY)

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